Entertainment Industry Foundation

“FORM 990, PART VI, SECTION B, LINE 11B: THE EIF AUDIT/TAX FIRM AND THE EIF FINANCE TEAM WORK TOGETHER TO GATHER THE REQUIRED INFORMATION NECESSARY TO COMPLETE THE FORM 990. THE TAX FIRM PREPARES AN INITIAL DRAFT FORM 990 AND REVIEWS THIS INITIAL DRAFT WITH THE FINANCE TEAM; ALL LINE ITEMS ARE REVIEWED AND ANY ITEMS IN QUESTION ARE DISCUSSED. The Form 990 is reviewed by the audit committee of the Board of Directors. The Form 990 is then distributed to the full Board of Directors for review prior to filing with the Internal Revenue Service.”

“Form 990, part vi, section b, line 12c: an annual questionnaire is distributed to each board member, officer, key employee, and any other person who regularly attends the organization board and committee meetings. Individuals must complete and file a conflict of interest disclosure statement before serving on the organization board or any committee. Outside council monitors the compliance of the conflict of interest policy. Board members who serve on other boards must recuse themselves if a board vote comes up to approve a grant on behalf of another board or affiliation where they serve. Additionally, eif advisory board members (the su2c council of founders and advisors) who serve in compensated capacities must all have an independent review of the reasonableness of their compensation and those reviews are retained and approved by the chair of the audit committee.”

“Form 990, part vi, section b, line 15: the chair of the eif audit committee hires a professional firm that performs an independent compensation assessment on behalf of all eif key employees and officers. The results of that review were presented to the board. As a result, the organization also received an opinion letter as to the reasonableness of such compensation, as set forth by section 4958 and underlying regulations.”

“Form 990, part vi, section b, line 19: the foundations governing documents and policies are available to the public upon request. Audited financial statements and the public disclosure copy of the form 990 are posted on the foundations official website (www.eifoundation.org) or available upon request.”

“Form 990, part vii, section b: the following reflect the full description of services provided by the respective independent service providers reported on form 990, part vii, section b: robertson schwartz agency: marketing, fundraising, strategy development and execution, donor cultivation and acquisition, merchandise development and oversight, licensing development and oversight, commercial co ventures development and oversight, cause marketing campaign development and oversight, creative oversight. Rachel rubin, llc: brand development, donor management, style guide development and oversight, psa management, collateral development, community outreach development and oversight.”

“Form 990, part xi, line 9: $52,858 - grant refund”